It’s another big week on the US macro data front, with ISM PMI and labour market data for February due for release. In the UK the focus will be on…
The main news in financial markets last week was the rise in global government bond yields, fuelled by market expectations of higher inflation, and the rout in global equity markets…
Price action in financial markets deprived of tier-one macro data has been rather subdued today. China, Hong Kong, South Korea and Japan were also on holiday. The S&P 500 is…
Sterling is outperforming major currencies today with the exception of the safe-haven Swiss Franc. The GBP/USD cross (1.384) is trading at it strongest level since March 2018 and GBP/EUR has…
Global risk appetite remains buoyant, thanks in part to some dovish Federal Reserve and European Central Bank comments in the past 24 hours. FOMC members Mester, Bostic and Barkin had…
The macro data and event calendar is very light this week although US CPI-inflation (for January) and UK GDP numbers (for December) will likely attract some attention. Monday 8th…
Global risk appetite was strong last week and overnight. The price of gold is near its December low while the price of Brent crude oil hit $60 for the first…
Today has been a more typical “risk-on” session, with the Dollar down sharply and global equities up. Global risk appetite has been fuelled by news that the US Senate had…
The Dollar is broadly unchanged from yesterday’s close but it has been a mixed performance for major currencies.The Australian and Kiwi Dollars have made very small gains, despite the release…
The Dollar is up for the third consecutive session (for the first time in nearly three weeks) and its negative correlation with the S&P 500, which has been robust throughout…
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